Fennelly Associates Sells 10,000 SF Medical Office In East Windsor For $2.95M
59 1 Mile Rd East Windsor, NJ 08520, USA
$2,950,000
$295/SF
Building Size
10,000 SF
Asset Type
Medical Office
Closing
Jul 6, 2023
AI
A 10,000-square-foot medical office building located at 59 One Mile Road in East Windsor has been sold for $2.95 million. The two-story building was sold to meet a 1031 exchange requirement and is currently leased to Schweiger Dermatology, a leading dermatology practice in the region.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $2,950,000
- Address: 59 One Mile Road
- Market: East Windsor
The buyer's representative in the transaction is Frank Gunsberg from Colliers International, while the seller's representatives are Jerry Fennelly and Patrick Dintrone from Fennelly Associates - NAI Capital.
Players
New Jersey Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93